The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-12
CONDITION OF THE MARKETS
A Cold Wave in the Wheat Belt Causes
Decline in the Price of That Grain.
Corn Opens at Slightly Higher Prices. but an
Immediate Decline Results-All Opera
lions Marked by Bearish Tendency.
MONEY, BONDS AND STOCKS.
An Extremely Dull Heavy and Weak Mar

IN Extremely Dull, Heavy and Weak Mar
ket. with No Interesting Features.
NEW YORK, Dec. 1O.-Money call was easy
1t per cent. closing offered at 2ia.
Prime mercantile paper. CASH per cent
Sterling exchange was dull but steady at $4S1,4
or sixty-day oils, and 81. "a z for demand.
Thetotal sales of stocks to-day so. ss7 shares,
including the following Canada Southern. 1000;
Central Pacific, 4.209; Delaware, Lackawanna &c
Western T. 100; Erie, 2. SOo Kansas g. Texas $50;
lake Shore, 1.sOO; Northwestern, 1000; New Eng
and, 5.51e; Reading, 1900; St. Paul. 1o4oo;
Union Pacific. $780, Western Union. $500.
The stock market extremely dull after the first
oalf hour and while heavy to weak there was slnost
10 feature of interest developed throughout the
session. The dealing WERE for the most part, simply
raiders scalping operations for small fractions
and the expectation that the bank statement would
show further decrease in the surplus reserve, but
the latter was disappointment to the bears, ana
the close The severest brought against
ra5s snd hs begun gss
ierday, and Richmond e. West PoILt preferred re-
Msi also sbo"ed marked eatness on light trans
actions. but the movement in the remainder was for
small fractions only, and entirely devoid OF feature OF
any sort The temper of the room conservatively
oearish, and TIE traders claimed that considerable
long stock was brought out. but there is no good
heavy, at declines Of le0i4 per cent generally,
though St. Paul p0 was of sbs and i Riss
we're further increased in the. early
trading with Kansas 81 Texas, Fort Worth Sc Dem
and Burlington & Quincy leaders in the de-
line The market became extremely dull after the
first attack completed, and from that time the
dealings entirely devoid of feature, beyond a
firm tone which lasted to the close of busness
the latter however. barely firm at near the
lowest prices reached. The days business was only
80, S87 shares. and Reading. with IL 90O st. Paul
1o.4oe, Richmond 8 West Point, 9.11o;
Union Pacific, $3.50; and New England,
6,5l7, furnished the bulk of the business.
Closing prices generally lower. though in few
eases for than 5s per cent, but Burlington 81
Quincy lost Ia. Kansas Texas. liz. and Pacific
Nail e. On the other hand, Richmond & West
Point preferred liz, and Central Pacific peg
cent.
Railroad bonds quiet and occupied
, lower range than at any previous time during
sbe week, 1t the only feature the comparative
5rmness OF the Kansas & Texas issues.
The sales were $4,000. Northwestern
snkinRfund fves lost l, at 1O7; Detroit s. Mackinae
land grants l. at 80: East Tennessee frsts, 81 at
1881; Houston g. Texas seconds, 2, at 107; Mobile
g Ohio sizes. g, at 1O5 the 6rst debentures, 1,
AZ; the second debentures. 80, at %, and Green
Bay incomes q at %. The sales of bonds for the
week amounted to So 995, 900, marked falling off
from thoss of the previous week Closing quotations